Condensed Balance Sheets - USD ($)		Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 1,625,749	$ 806,254
Natural gas, oil, and NGL sales receivables (net of $0 allowance for uncollectable accounts)		3,683,671	4,900,126
Refundable income taxes		455,553	455,931
Derivative contracts, net	[1]	2,400,390	3,120,607
Other		668,705	878,659
Total current assets		8,834,068	10,161,577
Properties and equipment at cost, based on successful efforts accounting:
Producing natural gas and oil properties		212,852,807	209,082,847
Non-producing natural gas and oil properties		56,150,263	58,820,445
Other		1,360,614	1,360,614
Gross properties and equipment, at cost, based on successful efforts accounting		270,363,684	269,263,906
Less accumulated depreciation, depletion and amortization		(116,177,898)	(114,139,423)
Net properties and equipment		154,185,786	155,124,483
Derivative contracts, net	[1]		162,980
Operating lease right-of-use assets		537,685	572,610
Other, net		429,486	486,630
Total assets		163,987,025	166,508,280
Current liabilities:
Accounts payable		621,191	562,607
Current portion of operating lease liability		236,465	233,390
Accrued liabilities and other		1,100,976	1,215,275
Total current liabilities		1,958,632	2,011,272
Long-term debt		30,750,000	32,750,000
Deferred income taxes, net		6,782,969	6,757,637
Asset retirement obligations		1,073,025	1,062,139
Derivative contracts, net	[1]	158,620
Operating lease liability, net of current portion		635,506	695,818
Total liabilities		41,358,752	43,276,866
Stockholders' equity:
Common Stock, $0.01666 par value; 54,000,500 shares authorized and 36,121,723 issued at March 31, 2024; 54,000,500 shares authorized and 36,121,723 issued at December 31, 2023		601,788	601,788
Capital in excess of par value		42,403,417	41,676,417
Deferred directors' compensation		1,425,523	1,487,590
Retained earnings		78,717,910	80,022,839
Stockholders' Equity		123,148,638	123,788,634
Less treasury stock, at cost; 122,785 shares at March 31, 2024, and 131,477 shares at December 31, 2023		(520,365)	(557,220)
Total stockholders' equity		122,628,273	123,231,414
Total liabilities and stockholders' equity		$ 163,987,025	$ 166,508,280

[1] See Note 10: Fair Value Measurements for further disclosures regarding fair value of financial instruments.